FM Sitharaman meets Mexican counterpart, discusses ways to deepen economic ties
a large skilled workforce, and growing infrastructure, she said that joint efforts can focus on strengthening resilience through diversification, especially for critical components like semiconductors, printed circuit boards and other high-tech electronics.
The Union Finance Minister said that India and Mexico partnership may encourage deeper penetration into each other’s markets through investment incentives for electronics manufacturing and R&D facilities, especially in growing sectors like 5G, AI, and consumer electronics.
She underlined India’s emergence as global leader in digital economy with adoption rate of 87 per cent in FinTech sector with initiatives like UPI an India Stack, and with Mexico’s growing digital ecosystem, India-Mexico partnership can provide a fertile ground for cross-border collaborations and innovation in FinTech and digital payments.
The Finance Minister also invited entities in Mexico for exploring collaboration and investment opportunities in areas like banking, fund management, Global in-house capability centres, aircraft leasing, ship leasing, setting up of foreign Universities among others in GIFT-IFSC.
